Donald Trump Calls Ford Plant Investment an “Absolute Disgrace”
Ford and presidential candidate Donald Trump have long sparred over Ford’s investments in Mexico. We were discussing this last year, when Trump said he’d tax Ford 35% if they continued their expansion at a plant in Mexico. Now, the day of the Wisconsin primary, Ford announced they are investing $1.6 billion for a new plant in Mexico, and Trump was asked what he though about it. He said it’s an “absolute disgrace.”
“This transaction is an absolute disgrace. Our dishonest politicians and the special interests that control them are laughing in the face of all American citizens. These ridiculous, job crushing transactions will not happen when I am President,” Trump said.
Even though Ford is building this new plant in Mexico to build low-profit small cars, they are still planning on their $9 billion investment in the United States and creation of 8,500 jobs over the coming years. But, people including Trump want all of Ford’s money spent in the United States.
Whether that’s actually a sustainable business model is yet to be actually seen, considering Trump claims he can’t manufacture his own clothing line in the United States due to labor costs.
Read the full statement from Mr. Trump below, and let us know what you think over in the forums!
“This transaction is an absolute disgrace. Our dishonest politicians and the special interests that control them are laughing in the face of all American citizens.
These ridiculous, job crushing transactions will not happen when I am President. The United States now has a three quarter trillion dollar merchandising trade deficit with the world. NAFTA has incentivized plants to move to Mexico, closing factories across the United States.
When I am President, we will strongly enforce trade rules against unfair foreign subsidies, and impose countervailing duties to prevent egregious instances of outsourcing.
This will continue until we can renegotiate NAFTA to create a fair deal for American workers. Cheap goods are not cheap when you consider the cost of lower wages and higher unemployment.
Once we reduce the incentive to outsource and keep business in the US — and reduce taxes and regulations — the relative price of goods will go down as decades of wage stagnation finally come to an end.”
– Donald J. Trump
via [Detroit Free Press]